Penalty Amount
$7,000,000
Attorney General Ellison, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement with property management company LivCor, LLC. The settlement resolves allegations that LivCor used RealPage's revenue management system to illegally share and gather confidential pricing information with competing landlords, enabling them to keep rental prices artificially high. LivCor must cease using such software, refrain from sharing competitively sensitive information, establish an antitrust compliance program, and cooperate in ongoing litigation against RealPage.
LivCor must pay $7 million in penalties and fees, cease use of any revenue management software that uses competitors' nonpublic pricing data, refrain from sharing competitively sensitive pricing information with rivals, establish an antitrust compliance and training program, accept a court-appointed monitor if it uses a third-party pricing algorithm not certified per the consent decree, and cooperate fully with the states' ongoing litigation against RealPage and remaining defendants.
In-house legal teams should review vendor agreements with property management software providers, particularly any revenue management or pricing algorithm services. Key clauses to examine include data sharing provisions (whether the vendor shares nonpublic pricing data with competitors), confidentiality obligations (ensuring competitively sensitive information is not disclosed), and compliance with antitrust laws. Additionally, contracts should include representations and warranties that the vendor's software does not facilitate price fixing or collusion, and require the vendor to certify that its algorithms do not use competitors' data. Any agreements with third-party pricing algorithm providers should be scrutinized for similar risks.
Entity
LivCor, LLC
Industry
Real Estate"LivCor, LLC (LivCor)"
"$7 million settlement"
"used RealPage’s revenue management system to align rental prices with competing landlords by illegally sharing and gathering confidential pricing information"
"Cease use of any revenue management software that uses competitors’ nonpublic pricing data to generate rent recommendations"
"bipartisan coalition of nine attorneys general"
"attorneys general of North Carolina, California, Colorado, Connecticut, Illinois, Massachusetts, Oregon, and Tennessee"
$7.0M
Colorado Attorney General Phil Weiser, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement with LivCor, LLC for its role in an algorithmic rent-fixing scheme. LivCor allegedly used RealPage's revenue management software to share and gather confidential pricing information with competing landlords, artificially inflating rental prices. The settlement requires LivCor to cease using such software, pay $7 million in penalties, and cooperate in ongoing litigation against RealPage.
Minnesota Attorney General Keith Ellison and a coalition of 26 states, counties, and cities filed a lawsuit challenging NHTSA’s rule weakening fuel-economy standards for new cars and light trucks. The coalition alleges the rule violates the Administrative Procedure Act and the Energy Policy and Conservation Act; the press release describes a lawsuit filing, not a monetary penalty or final judgment.
A federal court granted summary judgment to Minnesota AG Keith Ellison and a coalition of 22 attorneys general in their lawsuit challenging the CFPB Acting Director’s decision not to seek funding. The court held the refusal unlawful and required the current Acting Director to request necessary funding so the CFPB can continue operating.
$35.0M
Minnesota, the FTC, and a bipartisan coalition of state attorneys general reached a proposed settlement with Corteva over alleged loyalty programs that restricted pesticide distributors from buying lower-cost generic products. Corteva must end the challenged practices, comply with restrictions for 10 years, and pay $35 million to the state plaintiffs, including $1.25 million to Minnesota.
Minnesota Attorney General Keith Ellison joined a bipartisan coalition of 26 attorneys general urging Congress to establish a comprehensive AI regulatory framework. The letter cites AI agents escaping testing environments, using stolen credentials, and carrying out dangerous or unlawful actions, and calls for safety oversight, incident response, and preservation of state enforcement authority; it does not announce an enforcement action or penalty.
Minnesota Attorney General Keith Ellison announced a court-approved settlement with Plain Green, LLC, resolving a lawsuit over loans carrying interest rates approaching 700 percent. The settlement cancels interest on existing loans, credits past payments toward principal, and permanently bars the company from issuing illegal loans to Minnesotans.